What products are considered online loans? What is an online loan?

There are many kinds of online loans, and it is impossible to make a payment at all, but to defraud you of the upfront cost, because regular online loans never need to be upfront. It's all routines in the early stage. There is also a kind of anti-aircraft artillery, which used to be called 714 anti-aircraft artillery, and now it is called 55 anti-aircraft artillery, and only half of the loan is received, and the cycle is five days, so it is called 55 anti-aircraft artillery, but many people borrow such anti-aircraft artillery, and they do not plan to pay it back, and it is no problem, anyway, it is not on the credit report.

The third is formal, of course, it is generally necessary to apply for a credit check, which is easy to make the credit report, resulting in a bank loan that cannot be applied for in the short term.

There are three types of online loans.

The first category: 714 anti-aircraft guns. This kind of loan cycle is divided into 7 days and 14 days, and it is often accompanied by a cut interest, and the interest is much higher than that of regular online loans. If the user is overdue, then the collection method will be very violent.

However, unlike the 714 anti-aircraft guns, this kind of mouth often has the phenomenon of false propaganda. He likes to attract users to borrow on the grounds of low interest and long cycle, and then use yin and yang contracts, charging handling fees, insurance premiums, etc. to do tricks in borrowing, so as to complete his own high-interest loans.

The third category: regular online loans, such as Ant Borrowing, Jingdong Gold Bars, WeLoan, etc. This kind of online loan is generally accepted by everyone, because everyone understands their background, the interest is also within the normal range stipulated by the state, and they have their own financial license, and the comprehensive interest is about 1-2 points, which is more suitable for everyone to use.

Online lending platforms can be divided into the following 4 categories:

1. Platforms with the background of large Internet companies: WeLoan, Ant Borrowing, Youqian Hua, Xiaomi Wallet, etc.

2. Platforms with commercial banking background: Minsheng Easy Loan, Ping An Puhui, Zhaolian Good Loan, etc.

3. Other listed loan platforms: Lufax, Paipai Loan, Yiren Loan, etc.

4. Other small-scale platforms: installment, Kaixin loan, e-financing e-loan, etc.

Online lending includes individual online lending (i.e., P2P online lending) and online small loans. Individual online lending refers to direct lending between individuals through Internet platforms. Direct lending on individual online lending platforms falls within the scope of private lending, and is regulated by laws and regulations such as the Contract Law, the General Principles of the Civil Law, and the relevant judicial interpretations of the Supreme People's Court.

Online micro-loans refer to the micro-loans provided by Internet enterprises to customers through the microfinance companies controlled by them. Online microloans should comply with the existing regulatory regulations of microfinance companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. The online lending business is supervised by the China Banking Regulatory Commission.

Main features: Advantages:

High compound annual returns.

The annual interest rate of deposits in ordinary banks is only 3%, and the annual interest rate of wealth management products and trust investments is generally below 10%, which cannot be compared with the annual interest rate of more than 20% for online loan products.

It's easy to use. All the authentication, bookkeeping, clearing and delivery processes of online loans are completed through the Internet, and the borrower and the borrower can achieve the purpose of borrowing without leaving home, and the general amount is not high and there is no collateral. It is very convenient for both borrowers and borrowers.

Think outside the box. Online lending has promoted the interaction between industry and finance, and has also changed the vision of observation, thinking, credit culture and development strategy of loan companies, breaking the original lending situation.

Shortcoming. Unsecured, high interest rate, high risk.

Compared with traditional loan methods, online loans are completely unsecured loans. Moreover, the central bank has repeatedly made it clear that the compound annual interest rate exceeding the bank interest rate by four times is not protected by law. It also increases the high risk of online loans (generally 7 times or even higher than the bank interest rate).

Credit Risk. The inherent capital of online lending platforms is small, and they cannot afford large amounts of guarantees, and it is difficult to solve the problem of large loans once they occur. Moreover, some borrowers also take out loans for the purpose of fraud, and some of the purposes of the creators of the loan platform are not pure, and there are frequent cases of fleeing with money.

Lack of effective regulatory tools.

Since online lending is a new type of financing, the central bank and the CBRC do not yet have clear laws and regulations to guide online lending. For online lending, the regulator mainly has a neutral attitude, and does not violate the rules and does not approve it. However, with the prevalence of online lending, it is believed that the relevant measures will be formulated and implemented in a timely manner.

Online lending, also known as online lending, lends small amounts of money to people who need funds. This lending model is a kind of Internet finance (ITFIN) product, which belongs to private micro-lending, with the help of the Internet and mobile Internet technology network credit platform and provides related financial services.

The social value of online lending mainly lies in meeting the capital needs of individuals and small and micro enterprises and improving the utilization rate of idle funds in the society. The borrower issues the loan bid on the platform, and the lender bids to provide the borrower with a loan, and the borrower and the borrower bid freely, and the platform matches the transaction, in the process of lending, the information and funds, contracts, procedures, etc. are all realized through the network, which is a new financial model developed with the development of the Internet and the rise of private lending, which is also the development trend of financial services in the future.

What is an online lending platform?

The online lending platform is also what we often call the online lending platform, which allows people to interact directly through the Internet, and the network makes communication easy and realizes more direct sharing and interaction.

It is worth noting that there are certain risks in online lending, generally speaking, the higher the return, the higher the risk, so when choosing an online loan platform, you should understand in advance whether the platform is compliant and whether the platform's income is reasonable.

Online lending is the abbreviation of online lending, including individual online lending and commercial online lending.

Article 197 of the Contract Law stipulates that the loan contract shall be in written form, unless otherwise agreed upon in the loan between natural persons. The content of the loan contract includes the terms of the loan type, currency, purpose, amount, interest rate, term and repayment method.

1.The loan threshold is low, the procedure is simple, you only need to provide your ID card and mobile phone number, and you can disburse the loan on the same day.

2.There is a high handling fee, which will be deducted directly before the account arrives. The interest rate is more than 36% (the state stipulates that the interest rate exceeds 36%, it is usury).

4.The lending platform keeps recommending you other lending platforms to repay the loan.

5.Debt collection harassment, **blasting, 24 hours non-stop harassment of your family and friends, abusive.

6.It is difficult to defend rights, and the police basically can't control these things, if they really go to your house to violently collect money, they will take care of it.

Online loan is a simplified term for online loans, it is recommended not to touch, as a last resort, you can find some big platforms to borrow a little, those small online loan companies are very non-standardized, there are many routines, and they are all pits. Because it is a new industry, the relevant laws and regulations are not sound, which has led to many tragedies due to online lending in recent years.

The following borrowing platforms are all online loans:

1. Rich Money: Rich Spend is a credit service product under it, which has a good reputation and a relatively fast lending speed. It can meet the daily borrowing needs, and it is very convenient to borrow if you want.

The maximum amount is 200,000 yuan, and the average daily interest of 10,000 yuan for 1 year is started. The better the credit, the lower the interest rate.

2. Borrowing: Borrowing: Borrowing is a pure credit loan product launched in Alipay's Alipay, which is issued according to the consumption situation and repayment ability of Alipay users, and ordinary users have the opportunity to apply for opening only when the sesame score reaches 600 points or more, according to the sesame score, the loan amount is 10-300,000, the minimum daily interest, the loan term is 12 periods, and it supports borrowing and repaying at any time, and it has always been a conscientious loan platform.

3. Huanbei: Shanghai Shuhe Information Technology was established in 2015 and launched Huanbei products in 2016. The major shareholder is Focus Media, a listed company (****:

4. WeLoan: WeBank's first Internet bank under Tencent, whose products include micro-loans, micro-car loans, etc., and is committed to providing fast financial services for small enterprises and individual consumer groups.

5. Paipai Loan: Founded in 2007, Paipai is a P2P financial platform listed on the New York ** Stock Exchange. Paipai loan products are mainly divided into loose and rainbow labels.

At present, it provides users with a credit loan with a maximum loan amount of 200,000 yuan, and a monthly loan interest rate of about 1%. Users can choose the right loan product according to their needs.

1.Loan sharks: Non-performing online loans often lend to borrowers at interest rates much higher than those set by the state. These loans are usually calculated in the form of daily and monthly interest rates, making it difficult for borrowers to perceive high interest rates in the short term.

2.Operating without permission or in violation of regulations: Non-performing online lending platforms may not have obtained permission from the relevant financial regulatory authorities, or may have violated laws and regulations in the course of operation, such as illegally absorbing deposits from the public and defrauding consumers.

4.Violent collection: Unscrupulous online lending platforms may use violence, intimidation, harassment and other means to collect debts, which seriously affects the normal life of borrowers.

Failure to repay non-performing online loans may lead to the following risks:

2.Impaired credit history: Bad online loan Pinghehaotai may report overdue repayment information to credit bureaus, resulting in damage to the borrower's credit history and affecting future credit applications, credit card processing, etc.

3.Legal action: If the borrower defaults on repayment for a long time, the bad online lending platform may take legal measures to recover the arrears or even apply for enforcement.

4.Damage to social reputation: Failure to repay bad online loans may lead to damage to the borrower's social reputation, affecting their interpersonal relationships and career development.

In short, bad online lending is a bad financial behavior, which not only has financial risks for individuals, but also has an impact on personal credit and legal risks. It is recommended that borrowers carefully understand the qualifications and reputation of the borrowing platform before borrowing, choose a legal, transparent and stable platform for borrowing, and at the same time abide by the contract and repay the principal and interest of the loan on time within the specified time limit to avoid unnecessary risks and losses. If you are unable to repay the loan, it is recommended to communicate and negotiate with the borrowing platform in a timely manner to seek a reasonable solution.